43% of cyber attacks target small businesses, this number has seen consistent growth over the last few years. Cyberattacks cost businesses of all sizes about $200,000 on average, according to a recent report by Hiscox. In fact, hackers are more likely to focus on smaller victims. 11. It takes half a year to detect a data breach. Ransomware Statistics show that hackers are focusing more steadily on large businesses who will often pay tens of thousands of dollars to receive their data back.. An IBM study suggested that over a quarter of all companies would pay more than $20,000 to hackers to retrieve data that had been … Alarming Cyber Security Statistics. TechJury compiled a list of cyber security statistics to help visualize what is happening in the field as well as what to expect in 2020. These attacks are increasing not just in frequency, but in quality as well. Nearly half of all small businesses suffered a cyber attack in 2018. (Verizon) Large corporations aren’t the only ones at risk of a data breach. Read the official report now. Statistics on Ransom Demands. Attacks in the United Kingdom also increased at a smaller but still significant rate, up from 55% to 65%. (SC Media) 43 percent of cyber attacks are aimed at small businesses. 43% of all cyber attacks are aimed at small businesses. Cyber attacks have ranged from local government to small business across the world since January. In this item on our list of cyber security statistics, data from Agari’s Q1 2020 Email Fraud & Identity Deception Trends Report indicates that nearly two-thirds of business email compromise (BEC) attacks in Q4 2019 involved requested payments from victims via gift cards. 47% of small businesses in the US have had at least one attack in the last year, 44% of those having two to four registered attacks. 91% of attacks launch with a phishing email. By 2020, the number of passwords used by humans and machines worldwide is estimated to grow to 300 billion. Small business owners do not believe their organizations are big enough to be a target of a cyber-attack. Top cybersecurity facts, figures and statistics for 2020 From malware trends to budget shifts, we have the latest figures that quantify the state of the industry. Ransomware financial demands are often severe and significant. In 2020, 98% of point of sale data breaches in the accommodation and food services industry were financially motivated. The most common global attack type is phishing, something that 57% of … 23. We’ve taken a look at some shocking cyber statistics that show that the average cost of a data breach is in the millions and that malicious attacks are on the rise, yet a whopping 73 percent of businesses are not ready to respond to a cyber attack. Around 7 out of 10 businesses are not prepared to respond to a cyber attack. Stay ahead of threats with the insights in the 2020 Data Breach Investigations Report (DBIR) from Verizon Enterprise Solutions. ^ 14 Most Alarming Cyber Security Statistics in 2020 ^ Global Ransomware Damage Costs Predicted To Hit $11.5 Billion By 2019 ^ DDoS Attacks Can Cost Organizations $50,000 Per Attack ^ Why ransomware costs small businesses big money ^ 2020 Disaster Recovery Statistics That Will Shock Business Owners (Small Business Trends) 230,000 new malware samples are produced every day — and this is predicted to only keep growing. Smarter cyber attacks. Small business cyber attack statistics show that 58% of these businesses become data breach victims. 1 in 323 emails that small businesses receive is malicious. Forty-three percent are aimed at small businesses… (Panda Security) 1. (Hiscox) Cyber security attacks are becoming the new norm, insurance provider Hiscox reports. Small Business Cyber Security Statistics . 58% of all data breach victims are small businesses. 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